Calculate NPV, IRR, PI, DPB, PB for the following project.

initial machine cost = $1,000,000, discount rate = 14%, tax rate = 33%, project life = 7 years (use MACRS), sales for the first year = $250,000 and are expected to increase 20% through year 5, but sales in year 6 & 7 will be stable at year 5's number, costs = 58% of sales per year with a one-time software upgrade cost of $10,000 in year 4, scrap value for the machine at the end of year 7 = $50,000.

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